Straight from Mike Maloney...... He's the one making the "Real Money". PM's, property, shares...they can all preserve your wealth......and they can all destroy it. They forget to tell you that bit. C
I don't know much about him, but that would make sense. That's what you learn when you hang out with billionaires.
Will I still get the same amount of rent? If I still have the same number of houses then no, I won't lose any money
How so losing? Only if you sell at this price level? Take for example last summer. Some sold at $26. Later on they could have sold at $35. I have a sober view on it: I only regret that I can't buy more now since I bought higher. But give me some months this price level and lower, and you can again create a surprised-topic about happiness. Maybe you have another view on silver than the people you adress: the view of a 10 buy 20 dump 30 goto 10 Only those that thought of selling regret these price levels. For those that buy and store as a method of saving, a lower price is good news. See, the smaller a market becomes, the better it becomes to buy, because its potential for price increases becomes bigger. The lower the price, the less amounts silver need to be purchased to drive the price up. An example from march/april 2011: the $32 > $50 price move required Ishares Silver Trust shareholders to buy 6,6 Moz, as an average, every market day, for two months long. Extrapolating this to a year, assuming 250 market days, gives 1650 Moz, which is 165% of a years worlds total silver supply. All Exchange Traded Funds together hold now a rough 600 Moz. During the past decade, about the same rough 600 Moz silver was sold as silver coins. If the 2008 onwards crisis would show me end-signals, THEN I would be concerned. Then I would decide that my silver purchases were bad decisions. Does that mean that I would sell it all? Lol no. I would just buy more, and cheaper silver. Above is all quite obvious. So I'd say that you must be jesting your surprise?
Your net wealth will drop but you'll still have an income. And if you've got an asset that is producing you an income why would you want to sell it? And if you're never going to sell it does it really matter what it is worth to someone else? That's what I call an investment. If silver goes up we win, if silver goes down we lose. If you never sell it then you may as well collect rocks. That's what I call speculation. C
I've got great news for you! With the amount of cash they're printing around the world, you're about to become very very wealthy (Weimar style).
& the way metals are going lately we wont be much better off Im not sure i get you sometimes vc you say money will be useless yet you will most probably need to trade that dirty paper for your metals to eat in the long run so im not sure how you think your a lot better off . I think RMs point is all the regurgitating of the retaining purchasing power isnt really working out atm is it ? your effectively poorer by owning both gold & silver just lately .You could have made more money with your money in the bank .
I thought Yippie would have shown up by now? He might be busy on realestate.com. Hows that silver/ property swap looking Yip? I'd go now while you can still get a cubby house! C
I lifted this from another thread just for you vc Gold hit a low of $1,484.30, down 4.85 percent and was heading for a 6-percent decline this week, in its biggest weekly drop since December 2011. It was down some 23 percent below the record peak hit in September 2011 at $1,920.30. Bonds rallied on Friday.
Read my previous post (#38). Either you understand it or not. If you do, congratulations, the world is your oyster. If you don't, don't worry about it. (most people don't)
John Paulson has lost $300m over the last few days due to golds drop, now that's something worth complaining about. (With a net worth of $11bn+ I'm sure he's not too bothered)
Well I'm still pissed Yippee didn't take my beta while back that silver would hit my low price before it hit his high. Will we see sub $20 silver before it corrects back up?
I read it & understand & the world is already my oyster but it doesnt make a flyshit of difference that youve lost purchasing power & net worth lately with your metals . Im not sure your comprehension skills are too sharp if you cant admit it
